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LITL

Simplify Piper Sandler US Small-Cap PLUS Income ETF

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as of 04/25/2025

NAV

$ 25.00

NAV Change

+ $ 0.00 /0.00%

Price

$ 0.00

Price Change

+ $ 0.00 /0.00%

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) seeks to provide capital appreciation and income through an actively managed opportunistic strategy combined with a risk-managed income generating option strategy.  

The fund’s subadvisor Piper Sandler utilizes a macro-driven model to select stocks according to style factors that have historically been favorable in the current economic environment.  

A risk-managed options selling strategy is then overlayed on top to provide additional income and total return potential.

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Documents

Fund Overview

As of 04/25/2025

Ticker Symbol
LITL
Gross Expense Ratio
0.91%
CUSIP
82889N327
Total Assets
$2,500,025.00
Shares Outstanding
100,001
Distribution Rate as of 04/25/2025 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
-
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 04/25/2025 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
-
30-Day SEC Yield (Unsubsidized) as of 04/25/2025
-
Options Available
No
Inception Date
04/28/2025
Premium/Discount (%) as of 04/25/2025
0.00%
NAV Per Share as of 04/25/2025
$25.00
Market Price as of 04/25/2025
$0.00
30-Day Median Bid-Ask Spread
0.00%
Bid/Ask
$0.00/$0.00
Midpoint Price
$0.00
Volume
0
NAV Symbol
LITL.NV
IOPV Symbol
LITL.IV
Shares Out. Symbol
LITL.SO
Schedule K-1
No

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees0.90%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.00%
Acquired Fund Fees and Expenses20.01%
Total Annual Fund Operating Expenses0.91%

1. Other Expenses are estimated for the Fund’s initial fiscal year.   
2. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal year, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

Fund Performance (Total Return)

As of 02/28/2025 12/31/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV — — — — — —
Market Price — — — — — —
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — —
Market Price — —
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above. 

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 04/25/2025

Holdings - All ETFs
Ticker Name Quantity Weight
ACEL ACCEL ENTMT INC USD 0.0001 916 0.54%
ACIW ACI WORLDWIDE INC USD 0.005 166 0.46%
ACT ENACT HLDGS INC USD 0.01 254 0.47%
ADEA ADEIA INC NPV 730 0.48%
ADMA ADMA BIOLOGICS INC USD 0.0001 457 0.53%
AGM FEDERAL AGRIC MTG CORP USD 1.0 49 0.46%
AGS PLAYAGS INC USD 0.01 733 0.47%
AGX ARGAN INC USD 0.15 69 0.56%
AHCO ADAPTHEALTH CORP USD 0.0001 859 0.39%
AIT APPLIED IN COM NPV 41 0.52%
ALKS ALKERMES PLC USD 0.01 280 0.42%
ALRM ALARM COM HLDGS INC NPV 169 0.48%
AMRX AMNEAL PHARMACEUTICALS INC USD 0.01 1,137 0.45%
ANF ABERCROMBIE + FITCH CO USD 0.01 127 0.49%
ANIP ANI PHARMACEUTICALS INC USD 0.0001 130 0.48%
ARLO ARLO TECHNOLOGIES INC USD 0.001 1,044 0.55%
AROC ARCHROCK INC USD 0.01 364 0.47%
AX AXOS FINL INC USD 0.01 148 0.50%
AXL AMERICAN AXLE + MFG HLDGS USD 0.01 2,488 0.49%
BELFB BEL FUSE INC USD 0.1 137 0.52%
BFH BREAD FINL HLDGS INC USD 0.01 198 0.52%
BKD BROOKDALE SR LIVING INC USD 0.01 1,419 0.48%
BLBD BLUE BIRD CORP USD 0.0001 278 0.53%
BTSG BRIGHTSPRING HEALTH SVCS USD 100.0 499 0.45%
CALM CAL MAINE FOODS INC USD 0.01 95 0.48%
CARG CARGURUS INC USD 0.001 326 0.50%
CARS CARS COM INC USD 0.01 831 0.52%
CBL CBL + ASSO COM USD0.01 358 0.46%
CBT CABOT CORP USD 1.0 111 0.47%
CDP CORP OFFICE PROPS USD0.01 334 0.47%
CENT CENTRAL GARDEN + PET CO USD 0.01 249 0.46%
CHX CHAMPIONX CORP USD 0.01 321 0.43%
CMC COMMERCIAL METALS CO USD 0.01 214 0.50%
CNK CINEMARK HLDGS INC USD 0.001 355 0.56%
CNO CNO FINL GROUP INC USD 0.01 224 0.47%
COLL COLLEGIUM PHARMACEUTICAL USD 0.001 306 0.44%
CORT CORCEPT THERAPEUTICS INC USD 0.001 112 0.43%
CPRX CATALYST PHARMACEUTICALS USD 0.001 368 0.46%
CRS CARPENTER TECHNOLOGY CORP USD 5.0 53 0.56%
CRVL CORVEL CORP USD 0.0001 80 0.47%
CSGS CSG SYS INTL INC USD 0.01 151 0.48%
CSTM CONSTELLIUM SE EUR 0.02 972 0.48%
CVLT COMMVAULT SYS INC USD 0.01 58 0.51%
CWAN CLEARWATER ANALYTICS HLDG USD 0.001 355 0.43%
DAVE DAVE INC USD 0.0001 112 0.56%
DNOW DNOW INC 0.01 553 0.48%
DOCN DIGITALOCEAN HLDGS INC USD 0.000025 284 0.47%
DXPE DXP ENTERP COM USD0.01 115 0.52%
EAT BRINKER INTL INC USD 0.1 64 0.54%
EE EXCELERATE ENERGY INC USD 0.001 343 0.49%
EFSC ENTERPRISE FINL SVCS CORP USD 0.01 181 0.50%
EHAB ENHABIT INC USD 0.01 1,044 0.43%
ENR ENERGIZER HLDGS INC NEW USD 0.01 302 0.43%
ENSG ENSIGN GRO COM USD0.001 66 0.44%
ENVA ENOVA INTL INC USD 0.00001 96 0.50%
ESGR ENSTAR GROUP LTD USD 1.0 27 0.48%
ESRT EMPIRE ST COM USD0.01 CL A 1,194 0.45%
EVER EVERQUOTE INC USD 0.001 364 0.45%
EVRI EVERI HLDGS INC USD 0.001 651 0.48%
EVTC EVERTEC INC USD 0.01 251 0.44%
EXPI EXP RLTY INTL CORP USD 0.00001 970 0.46%
FBP FIRST BANCORP P R USD 0.1 497 0.51%
FFIN FIRST FINL BANKSHARES INC USD 0.01 269 0.48%
FG F+G ANNUITIES + LIFE INC USD 0.001 251 0.47%
FN FABRINET USD 0.01 52 0.56%
FSS FEDERAL SIGNAL CORP USD 1.0 121 0.49%
FTDR FRONTDOOR INC USD 0.01 237 0.52%
GBTG GLOBAL BUSINESS TRAVEL USD 0.00005 1,283 0.46%
GFF GRIFFON CORP USD 0.25 127 0.46%
GOLF ACUSHNET HLDGS CORP USD 0.001 149 0.49%
GPI GROUP 1 AUTOMOTIVE INC USD 0.01 24 0.52%
GPOR GULFPORT ENERGY CORP USD 0.0001 49 0.46%
GVA GRANITE CONSTR INC USD 0.01 118 0.50%
HALO HALOZYME THERAPEUTICS INC USD 0.001 143 0.46%
HCI HCI GROUP INC NPV 60 0.45%
HG HAMILTON INSURANCE GROUP L USD 0.01 421 0.41%
HIMS HIMS + HERS HEALTH INC USD 0.0001 317 0.47%
HMN HORACE MANN EDUCATORS COR USD 0.001 206 0.45%
HPK HIGHPEAK ENERGY INC USD 0.0001 783 0.40%
HROW HARROW HEALTH INC USD 0.001 369 0.50%
HSTM HEALTHSTREAM INC NPV 278 0.49%
HURN HURON CONSULTING GROUP INC USD 0.01 60 0.43%
HWC HANCOCK WHITNEY CORP USD 3.33 187 0.52%
IBOC INTERNATIONAL BANCSHARES CO USD 1.0 154 0.50%
ICUI ICU MED INC USD 0.1 63 0.46%
IDCC INTERDIGITAL INC PA USD 0.01 45 0.46%
IESC IES HLDGS INC USD 0.01 55 0.59%
IGT INTERNATIONAL GAME TECHNOLO USD 0.1 580 0.51%
INN SUMMIT HOT COM USD0.01 1,935 0.41%
INTA INTAPP INC USD 0.001 163 0.47%
ITGR INTEGER HLDGS CORP USD 0.001 76 0.50%
ITRI ITRON INC COM NPV 88 0.52%
JBI JANUS INTL GROUP INC USD 0.0001 1,348 0.49%
JXN JACKSON FINL INC USD 0.01 117 0.48%
KLG WK KELLOGG CO USD 0.0001 445 0.42%
KNF KNIFE RIV CORP USD 0.01 98 0.48%
KNTK KINETIK HLDGS INC USD 0.0001 181 0.41%
KRYS KRYSTAL BIOTECH INC USD 0.00001 49 0.44%
LAUR LAUREATE ED INC USD 0.001 438 0.46%
LCII LCI INDS USD 0.01 109 0.46%
LFST LIFESTANCE HEALTH GROUP IN USD 0.01 1,318 0.46%
LGND LIGAND PHARMACEUTICALS IN USD 0.001 86 0.50%
LILAK LIBERTY LATIN AMERICA LTD USD 0.01 1,468 0.44%
LMAT LEMAITRE VASCULAR INC USD 0.01 109 0.53%
LNTH LANTHEUS HLDGS INC USD 0.01 91 0.49%
LTH LIFE TIME GROUP HLDGS INC USD 0.01 303 0.50%
LUMN LUMEN TECHNOLOGIES INC LA USD 1.0 2,537 0.45%
LZ LEGALZOOM COM INC USD 0.001 1,079 0.41%
MAC MACERICH C COM USD0.01 569 0.45%
MATX MATSON INC NPV 77 0.42%
MCY MERCURY GEN CORP NEW NPV 161 0.46%
MD PEDIATRIX MEDICAL GROUP IN USD 0.01 628 0.41%
METC RAMACO RES INC USD 0.01 1,159 0.62%
MGNI MAGNITE INC USD 0.00001 916 0.60%
MGY MAGNOLIA OIL + GAS CORP USD 0.0001 378 0.43%
MLI MUELLER INDS INC USD 0.01 120 0.47%
MRC MRC GLOBAL INC USD 0.01 841 0.53%
MUR MURPHY OIL CORP USD 1.0 349 0.39%
NHC NATIONAL HEALTHCARE CORP USD 0.01 95 0.48%
NNI NELNET INC COM USD0.01 CL A 83 0.47%
NSIT INSIGHT ENTERPRISES INC USD 0.01 64 0.47%
NSP INSPERITY INC USD 0.01 101 0.43%
NTB BANK OF NT BUTTERFIELD + S BMD 0.01 239 0.50%
NXT NEXTRACKER INC USD 0.0001 220 0.51%
OFG OFG BANCORP USD 1.0 242 0.49%
OPCH OPTION CARE HEALTH INC USD 0.0001 254 0.45%
OSCR OSCAR HEALTH INC USD 0.00001 652 0.43%
OTTR OTTER TAIL COM USD5 110 0.46%
PACS PACS GROUP INC USD 0.001 916 0.47%
PAHC PHIBRO ANIMAL HEALTH CORP USD 0.001 439 0.42%
PBH PRESTIGE CONSUMER HEALTHCARE INC. 105 0.45%
PD PAGERDUTY INC USD 0.000005 523 0.44%
PECO PHILLIPS E COM USD0.01 246 0.46%
PGNY PROGYNY INC USD 0.0001 384 0.47%
PHR PHREESIA INC USD 0.01 358 0.47%
PIPR PIPER SANDLER COS USD 0.01 38 0.48%
PJT PJT PARTNERS INC USD 0.01 67 0.48%
PLMR PALOMAR HLDGS INC USD 0.0001 62 0.49%
PLXS PLEXUS COR COM USD0.01 76 0.51%
PRIM PRIMORIS SVCS CORP USD 0.0001 160 0.52%
PRKS UNITED PARKS + RESORTS INC USD 0.01 207 0.49%
PRMB PRIMO BRANDS CORP USD 0.01 249 0.43%
PTEN PATTERSON-UTI ENERGY INC USD 0.01 1,282 0.42%
PTGX PROTAGONIST THERAPEUTIC USD 0.00001 191 0.45%
PTON PELOTON INTERACTIVE IN USD 0.000025 1,645 0.55%
QLYS QUALYS INC USD 0.001 72 0.49%
QTWO Q2 HLDGS INC USD 0.0001 118 0.50%
REZI RESIDEO TECHNOLOGIES INC USD 0.001 541 0.47%
RHP RYMAN HOSP COM USD0.01 103 0.47%
RLJ RLJ LODGIN COM USD0.01 1,249 0.47%
RMBS RAMBUS INC DEL USD 0.001 193 0.52%
ROAD CONSTRUCTION PARTNERS INC USD 0.001 124 0.53%
ROOT ROOT INC USD 0.0001 73 0.58%
SANM SANMINA CORP USD 0.01 244 1.07%
SEM SELECT MED HLDGS CORP USD 0.001 549 0.51%
SENEA SENECA FOODS CORP NEW USD 0.25 100 0.46%
SFM SPROUTS FMRS MKT INC USD 0.001 58 0.52%
SFNC SIMMONS 1ST NATL CORP USD 0.01 472 0.47%
SGHC SUPER GROUP SGHC LTD NPV 1,403 0.60%
SGRY SURGERY PARTNERS INC USD 0.01 389 0.45%
SIGA SIGA TECHNOLOGIES INC USD 0.0001 1,702 0.59%
SKT TANGER FAC COM USD 0.01 280 0.48%
SKWD SKYWARD SPECIALTY INS GROU USD 0.01 164 0.46%
SKYW SKYWEST INC NPV 105 0.49%
SLVM SYLVAMO CORP USD 1.0 142 0.45%
SR SPIRE INC USD 1.0 112 0.46%
STNG SCORPIO TANKERS INC USD 0.01 258 0.51%
STRL STERLING INFRASTRUCTURE IN USD 0.01 81 0.66%
SUPN SUPERNUS PHARMACEUTICALS USD 0.001 273 0.47%
SWX SOUTHWEST GAS HOLDINGS INC USD 1.0 123 0.48%
TBBK BANCORP INC DEL USD 1.0 181 0.46%
TDOC TELADOC HEALTH INC 1,180 0.45%
TENB TENABLE HLDGS INC USD 0.01 266 0.47%
TILE INTERFACE INC USD 0.1 471 0.47%
TIPT TIPTREE INC USD 0.001 369 0.44%
TK TEEKAY CORP LTD USD 0.001 1,423 0.54%
TWST TWIST BIOSCIENCE CORP USD 0.00001 237 0.51%
UPST UPSTART HLDGS INC USD 0.0001 229 0.59%
URBN URBAN OUTFITTERS INC USD 0.0001 196 0.54%
USLM UNITED STS LIME + MINERALS USD 0.1 102 0.50%
VC VISTEON CORP USD 0.01 118 0.50%
VRRM VERRA MOBILITY CORP USD 0.0001 381 0.45%
WAY WAYSTAR HLDG CORP USD 0.01 240 0.47%
WNS WNS HOLDINGS LTD USD 0.16 138 0.44%
WRLD WORLD ACCEP CORP S C NEW NPV 74 0.53%
WTS WATTS WATE CLASS A COM USD0.10 46 0.51%
XNCR XENCOR INC USD 0.01 996 0.56%
YOU CLEAR SECURE INC USD 0.00001 352 0.48%
- Estimated Cash 163,676 8.73%

Holdings are subject to change without notice.

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